WASHINGTON, D.C. – The U.S. Deputy Secretary of Energy Dan Brouillette hosted the Republic of Korea (ROK) Vice Foreign Minister Cho Hyun for the plenary meeting of the U.S.-ROK High Level Bilateral Commission (HLBC). This was the second plenary meeting of the HLBC since its creation in 2016. During their discussions, Deputy Secretary Brouillette and… Keep reading →
(SEOUL, South Korea) – U.S. Deputy Secretary of Energy Elizabeth Sherwood-Randall and Republic of Korea (ROK) Vice Foreign Minister Cho Tae-Yul co-chaired the first meeting of the U.S.-ROK High Level Bilateral Commission (HLBC) in Seoul, South Korea, this week. The HLBC is an essential element of the successor U.S.-ROK “Agreement for Cooperation Concerning Peaceful Uses… Keep reading →
Rhetoric over China’s land reclamation work, placed at more than 2,000 acres, on submerged reefs and inlets in the Spratly Islands in the South China Sea (SCS) has entered its fourth week. The latest installment of this high-stakes drama reignited in early May when US satellite images showed that China had been building artificial islands… Keep reading →
The recent surprise drop in crude oil prices is having big impacts on international LNG prices and may cause a slowdown in the development of LNG export plants globally. LNG is liquefied natural gas, cooled to a temperature of -260° F, for the purpose of compression and transportation. International shipments of LNG by container ship… Keep reading →
Led by solar power, global investment in renewable energy increased 16% in 2014 year-on-year. Solar and wind led the charge, but biofuels investment fell back a bit. “China was the clear national leader, with investment rising 32% to $90bn, with the US second, up 8% to $52bn, and Japan up 12% to $41bn. Canada, Brazil… Keep reading →
The Afşin-Elbistan coalfield and power plant project looks to tap the 40% of Turkey’s lignite coal reserves located in the region to generate up to 8,000 MW of power. After the UAE’s TAQA put investment on hold, Turkey’s state power generator is negotiating with Chinese and South Korean companies. [Reuters] A recent New York Times… Keep reading →
President Obama is meeting with the leaders of Japan and South Korea – two of Asia’s largest energy consumers – today in The Hague. Easing strained relations between Prime Minister Shinzo Abe of Japan and President Park Geun-hye of South Korea could help the US work more closely with these important allies on critical regional… Keep reading →
“There has rarely been a more compelling time to invest in energy,” said Barclays analysts in their latest Global Energy Outlook, released this morning. Here are four key takeaways: Oil price risk has swung from downside to upside, thanks to geopolitical risk. Geopolitical risk has supplanted US production growth as the big global story in… Keep reading →
What happens when federal regulation designed to guard against national shortages of a critical fuel runs headlong into fuel surpluses?
That’s what the US is finding out now with natural gas, and nowhere is the dilemma more clearly on display than the issue of liquefied natural gas (LNG) exports. Keep reading →
Daegu, South Korea’s third largest city.
Complex times call for comprehensive expertise to reach solutions, and the increasingly networked state of the global energy business has underlined the importance of similarly global gatherings like the World Energy Congress. Keep reading →
